CPF SA

[omgwtflol]

Hi,

If the CPF SA Max limit is $166k, what happens to the following year interest generated from the $166k ?

 

[weng0202]

Hi,

If the CPF SA Max limit is $166k, what happens to the following year interest generated from the $166k ?

Stay in SA lor. Only MA will spill over to SA or OA. SA has no "cap" for interest, only contributions can spill from SA to OA.

 

[omgwtflol]

Thanks. I saw some threads where they said to top up MA first. Why?

 

[onegoal]

What is Special Account limit now? I believe it is more than 166k

 

[Opps-gal]

What is Special Account limit now? I believe it is more than 166k

https://www.cpf.gov.sg/members/FAQ/...ent+Sum+Scheme&ajfaqid=2190574&folderid=18088

 

[Opps-gal]

Thanks. I saw some threads where they said to top up MA first. Why?

They want to overflow to sa?

 

[iceblendedchoc]

Hi,

If the CPF SA Max limit is $166k, what happens to the following year interest generated from the $166k ?

stay in SA.

 

[audiovideo]

If you sa max is $166k, mean you way pass 55, and likely that amount already become RA. And RA interest remain in RA

 

[onegoal]

If you sa max is $166k, mean you way pass 55, and likely that amount already become RA. And RA interest remain in RA

2018: MA at 49.8k & SA at 166k
2020: MA at 60.0k & SA at least 185k

Seems like not easy to catch up if u don't have at least 6k salary with bonus 2times.

 

[iceblendedchoc]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

 

[ferrero]

Let's say MA is maxed out and one transfer from OA to SA such that the interest generated for SA is enough to offset the yearly increment, one will be able to meet sooner or later right?

update - iceblended answered for me already

 

[ramlee]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

i field sho jelly

but ma interest is not enuff to take care of yearly increase wor

 

[ramlee]

Let's say MA is maxed out and one transfer from OA to SA such that the interest generated for SA is enough to offset the yearly increment, one will be able to meet sooner or later right?

update - iceblended answered for me already

if your house is settled then yeah, otherwise you need oa to pay for house

 

[SmartMoney]

2018: MA at 49.8k & SA at 166k
2020: MA at 60.0k & SA at least 185k

Seems like not easy to catch up if u don't have at least 6k salary with bonus 2times.

Unless strike Toto or sell house put into SA

 

[onegoal]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

What is the minimum sum for SA in 2020?

 

[hwmook]

What is the minimum sum for SA in 2020?

$181k in 2020.

 

[onegoal]

At the rate the minimum sum for SA is going, I armchio at the younger generation who started work. They will not be able to hit the minimum sum even if they reach 50 year old. By 2040 SA minimum sum will be 350k.

If CPF cap the contribution at 6k for companies. Good luck to the younger generation.

 

[addict951]

Iceblendedchoc, you got kids and no need to pay tax one?

 

[yoongf]

There is no max cap for OA and SA.

The cap is applicable only if u try top up. But if salary or voluntary contribute, only the annual limit applies.

 

[Illusionist_85]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

Jin elite sia

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